Despite the Corona 19 crisis this year, Samsung Electronics has surpassed market expectations.

In the aftermath of the corona shutdown, overall sales declined from last year, but recorded'earning surprise', which exceeded market forecasts thanks to strong semiconductor performance amid rising demand for non-contact (non-facing) demand.

Samsung Electronics announced today (7th) that the interim earnings for the second quarter were aggregated and the operating profit recorded KRW 81.1 trillion.

This is an increase of 25.58% compared to the previous quarter (6.45 trillion won), an increase of 22.73% compared to the same period last year (6.65 trillion won).

By comparison, sales were KRW 52 trillion, down 7.36% from the same period last year.

It also decreased 6.02% QoQ.

The operating profit-to-sales ratio was 15.6%, the highest since the fourth quarter of 2018 (24.2%).

Despite the corona aftermath this year, the semiconductor sector has been particularly influential in achieving better than expected performance.

In addition, home appliances and mobiles are also evaluated to have exceeded market expectations.

The display division is expected to turn to black, reflecting one-off profits from North American customers.